Hartman Income REIT Secures Office Leases In Houston Totaling 31,679 Sq Ft
14550 Torrey Chase BLVD, Houston, T...
Building Size
7,948 SF
Asset Type
—
Closing
Nov 22, 2023
AI
14550 Torrey Chase Blvd in Houston features a lease of 7,948 square feet that is part of a larger agreement involving multiple properties owned by Hartman Income REIT. This transaction is situated within the Houston market.
Summary of transation details:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Address: 14550 Torrey Chase Blvd, Houston
- Landlord: Hartman Income REIT Management
- Landlord's Representatives: Richard Maloof - Industry Partners, Rod Hale - Hartman Income REIT Management
- Square Feet Leased: 7,948
In this deal, property management firm Chaparral Management Co. Inc. secured a 12-month lease. Hartman Income REIT was represented internally by Richard Maloof and Rod Hale in this transaction.
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93